GE Transportation to deliver 30 locomotives to Ukrzaliznytsia in Sep 2018

Relevant arrangements were reached during the meeting of the company management with Prime Minister of Ukraine Volodymyr Groysman.

"We are happy to announce we have completed our negotiations and arrived at accord to adjust and ink all the documents by the end of the year. The Government will facilitate this process," Groysman noted.

In the active stage of negotiations on this project for the last 3 months, management of PJSC Ukrzaliznytsia was engaged with the support of the UkraineInvest Investment Promotion Office. The parties agreed that within the framework of the implementation of all arrangements the localization (use of Ukrainian capacities) would increase up to 40%.

Meanwhile, it has been agreed that Ukrainian-made products based on technology of and complying with GE standards will be used in other GE Transportation projects in other countries.

Read alsoUkrzaliznytsia mulls purchase of 30 GE locomotives to be assembled in UkraineImplementation of the first stage of the project stipulates for the supply for the Ukrzaliznytsia in September of 2018 of 30 locomotives containing spare parts manufactured and serviced in Ukraine. "This will allow Ukrzaliznytsia to guarantee that the issue of the deficit of locomotives will be solved before the next peak load," said acting Chairman of PJSC Ukrzaliznytsia Board  Yevhen Kravtsov.

On their part, GE Transportation confirmed willingness during the entire project operation period to supply technologies throughout Ukraine, train specialists, and develop possibilities to access credit resources.

Read alsoKyiv-Odesa high-speed railway may emerge in UkraineDuring the negotiations, the parties emphasized that the involvement of global leaders in Ukraine, such as GE Transportation, is an evidence of the improvement of the business climate in the country and serves as a signal for other large market players to start their business in Ukraine.